Press release
Emerging Sub-Segments Transforming the IO-Link Market Landscape
IO-Link Market
Forecasting the IO-Link Market Size Through 2029
The IO-Link market is anticipated to experience remarkable expansion, reaching a value of $38.46 billion by 2029. This growth corresponds to a compound annual growth rate (CAGR) of 23.7%. Several factors contribute to this surge, including the widespread adoption of Industry 4.0 practices, growing demand for condition monitoring systems, seamless integration with Industrial Internet of Things (IIoT) platforms, increased emphasis on energy efficiency, and the rising complexity of manufacturing operations. Throughout the forecast period, key market trends are expected to include closer integration with programmable logic controllers (PLCs), development of flexible and scalable solutions, focus on energy savings and cost reduction, applications spanning multiple industries, and enhanced cybersecurity measures.
Download a free sample of the io-link market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10548&type=smp
Prominent Companies Leading the IO-Link Market
A variety of major corporations are at the forefront of the IO-Link market, driving innovation and adoption across industries. Some of the leading players include Siemens AG, Balluff GmbH, ifm electronic GmbH, SICK AG, Rockwell Automation Inc., Omron Corporation, PepperlFuchs GmbH, Banner Engineering Corp., Emerson Electric Co, Datalogic S.p.A., Beckhoff Automation GmbH And Co KG, Baumer Holding AG, Bosch Rexroth AG, Weidmüller Interface GmbH And Co KG, Comtrol Corporation, Phoenix Contact GmbH & Co KG, WAGO Kontakttechnik GmbH & Co KG, Turck duotec GmbH, Wenglor Sensoric GmbH, NXP Semiconductors N.V., Murrelektronik GmbH, Festo AG & Co KG, SMC Corporation, Leuze electronic GmbH Co KG, ABB Ltd, Advantech Co Ltd., BihlWiedemann GmbH, Carlo Gavazzi S.p.A., Elobau Sensor Technology GmbH, and Euchner GmbH Co KG. These companies are pivotal in shaping the market through their diverse product offerings and technological advancements.
Next-Generation Technologies Driving IO-Link Market Growth
Innovations in next-generation technologies are propelling the IO-Link market forward, with industry leaders investing heavily in IoT, industrial robotics, and cloud computing solutions. These technologies enable smarter, more efficient automation systems that meet evolving industrial demands. For example, in January 2022, ASIX Electronics Corporation, a company based in Taiwan specializing in network connectivity, introduced the AX58400 EtherCAT to IO-Link gateway. This gateway combines EtherCAT industrial Ethernet fieldbus technology with IO-Link intelligent communication, supporting up to eight IO-Link devices such as smart sensors and actuators. It facilitates easy parameterization and diagnostics of IO-Link devices via EtherCAT, simplifying configuration and enhancing device monitoring.
View the full io-link market report:
https://www.thebusinessresearchcompany.com/report/io-link-global-market-report
Largest Market Segment Within the IO-Link Industry
The IO-Link market is categorized into several key segments to better understand its scope and applications. These segments include:
1) Components such as IO-Link Masters, IO-Link Devices, Sensor Nodes, Modules, Actuators, RFID Read Heads, and other components.
2) Applications encompassing Machine Tools, Handling and Assembly Automation, Packaging, and Intralogistics.
3) Industry Verticals including Oil and Gas, Energy and Power, Automotive, Aerospace and Defense, Pharmaceuticals, Food and Beverages, Chemicals, and additional industry sectors.
Further sub-segmentation refines these categories, for example:
- IO-Link Masters are divided into Single Port and Multi-Port types.
- IO-Link Devices include Sensors, Input/Output Devices, and Actuators.
- Sensor Nodes cover Proximity, Temperature, and Pressure Sensors.
- Modules feature Communication, Gateway, and Power Modules.
- Actuators consist of Pneumatic, Electric, and Hydraulic types.
- RFID Read Heads are either Fixed or Handheld.
- Other components encompass Cables, Connectors, Software Tools, and Interface Devices.
This detailed segmentation highlights the broad range of products and applications driving the IO-Link market's rapid growth.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Sub-Segments Transforming the IO-Link Market Landscape here
News-ID: 4321224 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Innovation and Growth in the Cables Market
The cables market is positioned for significant growth in the coming years, driven by a variety of technological advancements and evolving industry demands. As infrastructure modernizes and new applications emerge, this sector is set to play a crucial role in supporting global connectivity and energy needs.
Projected Expansion and Market Size of the Cables Market
The cables market is forecasted to reach a value of $133.76 billion by 2029, growing…
Key Strategic Developments and Emerging Changes Shaping the Industrial PC Market …
The industrial PC market is on a promising growth trajectory as technological advancements and sector-specific demands reshape the landscape. With increasing adoption across various industries, the market is set to expand significantly by 2029. Let's explore the market size projections, key players, latest trends, and important segments defining this vibrant sector.
Steady Growth Outlook for the Industrial PC Market Size
The industrial PC market is projected to grow robustly, reaching…
Emerging Sub-Segments Transforming the Audio Communication Monitoring Market Lan …
The audio communication monitoring market is poised for remarkable expansion in the coming years, driven by technological advancements and increasing demand across various sectors. As organizations prioritize data security and customer experience, the market's growth trajectory reflects a strong interest in innovative audio monitoring solutions. Let's explore the current market size, key players, emerging trends, and segmentation insights shaping this dynamic industry.
Projected Market Value and Growth of the Audio Communication…
Key Players and Competitive Overview in the Interior Lighting Market
The interior lighting market is rapidly evolving, driven by technological advancements and changing consumer preferences. As homeowners and businesses seek smarter and more efficient lighting solutions, the industry is set to witness substantial growth in the coming years. Let's explore the current market size, key players, emerging trends, and the main segments shaping this sector.
Projected Growth and Size of the Interior Lighting Market by 2029
The interior lighting market…
More Releases for GmbH
Grain Bunker Wall Market | AGROTEL GmbH, Bosch Beton GmbH & Co. KG, CBS Beton Gm …
Introduction:
The introduction to the report serves as a gateway into the comprehensive world of the grain bunker wall market. As industries continue to evolve and adapt to changing consumer demands and technological advancements, understanding the market dynamics becomes paramount for industry stakeholders. The report takes on the responsibility of offering a profound and all-encompassing analysis of the grain bunker wall market, catering to the needs of a diverse audience that…
Inline System Market Size, Industry Share, SWOT Analysis, Recent Developments - …
Inline System Market Scope & Overview
Inline System market research covers potential customers, sales and competitive environment studies, upcoming product releases, existing and unique technology breakthroughs, revenue and trade regulation evaluations, and much more. According to market research, the worldwide industry has new and rapidly developing market categories, geographical locations, market drivers, challenges, and opportunities.
The goal of the Inline System market is to provide players with the opportunity to understand the…
Global Endoscope Light Source Market 2020 Shrek, GIMMI GmbH, PolyDiagnost GmbH, …
Endoscope Light Source: Regional and Global Market Opportunities - Key Competitors, Industry Segments, and Strategic Analysis, 2020-2025
The market study is primarily based on primary and secondary data collected through systematic research approach. The research approach is defined by expert market analysts in line with business consultants and international research standards. Economic, political, and environmental regulations for Endoscope Light Source market are examined to draw the conclusion on macroeconomic business environment.…
Collimating Lens Market | Ocean Optics, Inc., INGENERIC GmbH, TRIOPTICS GmbH, Av …
Global Collimating Lens Market: Overview
The report details an exhaustive account of the global collimating lens market along with numerous associated factors. Some of these factors that are included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an overall perspective, the report is expected to exist…
Polymer Solar Cells Market Heliatek GmbH, BELECTRIC OPV GmbH (OPVIUS GmbH), Sola …
The global polymer solar cells market is anticipated to witness expansion at exponential CAGR over the forecast by 2027, according to a report published by Research Report Insights. The report primarily focuses on driver, restraints, challenges and trends in the market. The report even focuses on in-depth market segmentation to project volume and value estimations over the ten year assessment period.
Long-term Overview
According to a report published by RRI, the polymer…
Global 3D Printing Market to 2025| Stratasys, 3D Systems, Solidscape, EOS GmbH, …
Albany, NY, 3rd January : Recent research and the current scenario as well as future market potential of "3D Printing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" globally.
Global 3D Printing Market: Overview
3D Printing Market report provides analysis for the period 2015 – 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. The report covers all…
